Post
Topic
Board Economics
Re: The Fed Cuts Interest Rates as the Virus Spreads
by
exstasie
on 05/03/2020, 21:47:50 UTC
Yes, the coronavirus will most likely trigger recession and a stockmarket crash

We'll see about that. The prevailing sentiment about the global economy reminds me of some harsh bull market corrections in BTC's history. The Winklevoss ETF rejection in March 2017 and China's banning of BTC exchanges and ICOs in September 2017 come to mind. During those pullbacks, most people thought the sky was falling and the bull market was dead. They were wrong and a new ATH was just around the corner.

The corona virus will obviously affect GDP growth, the question is to what extent. That's what the markets are pricing in right now. Some people see doomsday, others see blood in the streets = buying opportunity. In hindsight, I think this will be seen as a buying opportunity.